EV salary sacrifice broker LoveElectric has launched a 'zero-risk guarantee' for employers, hoping to encourage more uptake of these schemes as cheaper new and used EVs make them accessible to lower-income drivers.
The UK’s 'salsac' market is booming. It enables drivers to lease a car through their employer, often with a discount, and pay for it with their pre-tax salary. If the CO2 emissions are 75g/km or less (a threshold that excludes anything without a plug), they’re then taxed on their remaining income plus low-rate benefit-in-kind (BIK) for the car.
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